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Polygon Price(MATIC)

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1 MATIC =
USD $1.2363376
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Last updated 2023/02/07 12:17 (UTC)
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$ 1.2363376
+3.17%
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MATIC Price Live Data

The live price of Polygon is $ 1.2363376 per (MATIC / USD) today with a current market cap of $ 10.80B USD. 24-hour trading volume is $ 482.05M USD. MATIC to USD price is updated in real-time. Polygon is +3.17% in the last 24 hours. It has a circulating supply of 8.73B USD.
MATIC Price Performance USD
ChangeAmount%
Today$ 0.0391954+3.17%
30 Days$ 0.6704953+54.23%
60 Days$ 0.4134544+33.44%
90 Days$ 0.3664755+29.64%

MATIC Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 1.1870916
High: $ 1.2464247
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 2.9232349
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-0.19%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+3.17%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+13.60%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+13.60%
The percent change in trading volume for this asset compared to 7 days ago.

MATIC Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#10
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 10.80B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 482.05M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
8.73B
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
8.73B
Circulating supply shows the number of coins or tokens that have been issued so far.

About Polygon (MATIC)

Polygon (MATIC) is a layer 2 scaling solution designed to build upon the Ethereum blockchain, facilitating higher transaction throughput and lower transaction costs. Formerly known as the Matic Network, Polygon aims to create the blockchain infrastructure necessary to deploy and use Etheruem-based decentralized applications (DApps) at scale. 

Functioning as an add-on to the Ethereum blockchain, Polygon uses scaling solutions in order to increase the size, capacity, security, and efficiency of the Etheruem network. The Polygon platform is a multi-level system that creates sidechains upon which transactions are executed before they are merged with the main Ethereum chain, reducing the overall load on the Ethereum network.

Polygon integrates multiple sidechain solutions, including plasma chains, which consolidate transactions into a single batch and commit them to the Etheruem blockchain; ZK-Rollups, which integrate multiple transactions into a single transaction; and optimistic roll-ups, which integrate and scale smart contracts.

The Polygon ecosystem is designed to provide users with the ability to create DApps, services, and platforms on Ethereum without high fees or slow transaction speeds. Polygon’s use cases include decentralized finance (DeFi) applications, blockchain-based games, and non-fungible token (NFT) marketplaces. Polygon price is updated and available in real-time on Binance.

People Also Ask: Other Questions About Polygon (MATIC)

  1. What is MATIC Used For?

    MATIC is used within Polygon’s proof-of-stake (PoS) consensus mechanism or to pay transaction fees on the Polygon network.

  2. How Do Network Consensus and Validation Work on Polygon?

    Polygon uses a PoS consensus protocol — network participants must stake MATIC in order to participate in transaction validation and network security.

  3. Who is the Polygon Founder?

    Polygon, formerly known as Matic Network, was launched by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in 2017.

  4. What is the Maximum Token Supply of Polygon?

    MATIC can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live MATIC price is updated in real-time on Binance. For additional instructions and information, users can read our How to buy Polygon (MATIC) Guide.

  5. What Makes Polygon Different From Others?

    Polygon is designed to establish an internet of blockchains through which any platform — on-chain or off-chain — is able to interact with the Etheruem network.

    Polygon’s scaling solution operates on a 2.1-second block time, which facilitates the execution of transactions at a speed and scale necessary to provide DApps suitable for widespread adoption. Additional initiatives by Polygon include the NFT and blockchain gaming subsidiary, Polygon Studios.

  6. How to Buy Polygon MATIC? 

    MATIC can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live MATIC price is updated in real-time on Binance. For additional instructions and information, users can read our How to buy Polygon (MATIC) Guide.

  7. How Much Will Polygon Matic Be Worth in Future?

    Polygon is designed to establish an internet of blockchains through which any platform — on-chain or off-chain — is able to interact with the Etheruem network.

    Polygon’s scaling solution operates on a 2.1-second block time, which facilitates the execution of transactions at a speed and scale necessary to provide DApps suitable for widespread adoption. Additional initiatives by Polygon include the NFT and blockchain gaming subsidiary, Polygon Studios.

Top News
Ethereum Scaling Tool Polygon's MATIC Token Surges Amid Spike in Transactions
Ethereum scaling tool Polygon’s MATIC token has surged 12% over the past 24 hours, continuing its strong momentum this year.MATIC was recently trading at $1.11. It is up 48% since Dec. 31 amid a spike in daily transactions that have made the blockchain the second largest for daily active users (DAU), according to data from Token Terminal.The rally comes amid a January upturn in the crypto market that has seen Aptos’ APT token skyrocketing more than 400%, Fantom’s FTM jumping about 145% and bitcoin rising nearly 40%.The Polygon platform ranks second behind Binance’s BNB chain recording 344,000 DAU’s, ahead of Solana and Ethereum.Polygon’s announced partnerships and launches over the last month that have increased DAUs may also be behind the price increase, along with anticipation of Polygon’s mainnet launch of its zero knowledge-EVM. The mainnet launch is scheduled for early 2023. Its zk-EVM public testnet went live in October.“We’re starting to see users and interest come back to these kinds of networks and seeing activity again,” Charles Storry, head of growth at crypto index platform Phuture, told CoinDesk.“There’s also a lot of projects that have built on top of Polygon that haven’t released their tokens yet, which will be coming out soon and add to the already increasing activity levels,” Storry added.Polygon currently has around $1.1 billion total value locked (TVL) according to data from DeFi Llama,“We are seeing mass TVL increases for riskier projects and early stage applications,” Storry said. “In a bear market investors are more conservative and don't want to take on huge risk, but now prices have picked up a little, they are more open to newer and riskier ecosystems like Polygon.”“We will see more of that come through as the market continues to pick up.”
Lyllah Ledesma - CoinDesk
2023-01-27
Lyllah Ledesma - CoinDesk
2023-01-27
Polygon Q4 Transaction Volatility Fueled By FTX Collapse, ZK Rollup Testing, Nansen Says
Polygon, an Ethereum scaling tool, saw wide swings in daily transactions and active addresses during the fourth quarter, as users scrambled to move funds during the epic meltdown of Sam Bankman-Fried’s FTX crypto exchange and the project rolled out new partnerships and initiatives, according to a new report from the blockchain analytics platform Nansen.Polygon saw daily transactions range from 2 million to 3.7 million, while daily active addresses ranged from 350,000 to 1.7 million.The number of daily transactions surged on Polygon in early November, when users attempted to yank out funds from the now-defunct FTX. Daily gas fees paid also peaked at the time, with the highest day at $570,000. The lowest point for daily gas fees paid was at $16,000 in early October.Chart on left shows how many more transactions there are on Polygon (purple line) compared with Ethereum. On right, average daily "gas" fees paid were lower on Polygon. (Nansen)Compared to Ethereum, Polygon’s daily transactions were almost twice as high and more volatile during the quarter, while daily gas paid was 40 to 100 times cheaper on Polygon.Yi Jun Lee, the author of the report and a research analyst at Nansen, told CoinDesk that Polygon’s volatility in Q4 was due to numerous events besides the FTX insolvency.“NFT launches, partnerships, can all lead to an increase in the number of transactions, not solely moving the native token,” Lee said.The tremendous addition of daily addresses was partly due to the launch of Polygon’s zero-knowledge EVM public testnet.Zero-knowledge (ZK) rollups is a technology that processes transactions in bundles and uses “proofs,” which are bite-size pieces of data that confirm transactions are “true” and haven’t been altered. The deployment of the Ethereum Virtual Machine (EVM) for Polygon’s ZK rollup means developers can move smart contracts into the Polygon environment from Ethereum without any hiccups.The mainnet launch of Polygon’s zkEVM is scheduled for early 2023.Also bringing more users into the Polygon ecosystem was the announcement to integrate the Binance USD (BUSD) stablecoin into the protocol.The Starbucks Odyssey loyalty program made members eligible to earn and purchase digital collectibles in the form of non-fungible tokens (NFTs) on Polygon. Instagram began testing new features to sell NFTs on the Polygon network.As for what to look out for leading into the new quarter, Lee argues the zkEVM mainnet launch, NFT sales on the blockchain, as well as mainstream adoption, will lead to continued user growth for Polygon.
Margaux Nijkerk - CoinDesk
2023-01-26
Margaux Nijkerk - CoinDesk
2023-01-26
MATIC Price Reacts As BitGo Launches Support for Polygon
BitGo has launched full support for the Polygon (MATIC) blockchain.The support will enable BitGo to provide custodial and staking services for MATIC.MATIC price jumped in reaction to the development but has continued with consolidation.The digital assets trust and security company BitGo has launched full support for the Polygon (MATIC) blockchain. In an announcement, the Polygon team explained that the latest development will allow BitGo to offer Polygon’s native MATIC token in hot wallets and qualified custody. It will also enable MATIC holders to stake their ERC20 tokens and earn associated rewards.According to the Polygon team, BitGo became attracted to Polygon because of the intrinsic qualities of the Polygon blockchain. As a Layer 2 protocol that runs on Ethereum, Polygon boasts fast speed, low gas fees, and security. Its Proof-of-Stake consensus algorithm also shows the project’s commitment to carbon neutrality. The team claims that these are the factors behind the project’s widespread adoption.Colin Butler, Global Head of Institutional Capital at Polygon Technology, said that the support from BitGo will only add to the already popular staking option among MATIC holders. He said: “Staking is extremely popular already amongst MATIC holders and we do not doubt that support from a leading custody provider like BitGo will only add to this.”MATIC reacted to this news by bouncing off the trading session low of $0.9171, climbing up to $0.9610 within 14 hrs. However, the spike has faded as MATIC’s price looks to resume consolidation after the sustained rally since the beginning of the new year.In a corroborating announcement by BitGo, Colin Fang, COO of the company said that offering more features for MATIC will enable BitGo to provide safer assets custody for investors. They will be also engaged with providing platforms with the necessary tools needed to build the future.According to BitGo’s post, existing clients can start creating custodial wallets for both the native MATIC and ERC20 MATIC tokens on the Polygon and ETH chains respectively. This will enable them to access the staking options available on the platform.The Polygon team recognizes BitGo as the first digital asset company to focus exclusively on institutional clients. They currently have over 1500 clients in 50 countries, including the world’s top cryptocurrency exchanges & platforms.Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post MATIC Price Reacts as BitGo Launches Support for Polygon appeared first on Coin Edition.
Ikenna Ogu - CoinEdition
2023-01-20
Ikenna Ogu - CoinEdition
2023-01-20
Top Blog Posts
Binance Labs Leads Seed Round for Salus Security to Further Advance the Quality of Web3 Security
Binance Labs, the venture capital arm and accelerator of Binance, led the seed funding round for Salus Security, a blockchain security company that uses machine learning technology to make security services more efficient and accessible. It offers a suite of smart contract auditing, vulnerability detection, and security consulting services.
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